Common use of Lead Trustee Clause in Contracts

Lead Trustee. The Lead Trustee shall be appointed from among the Trustees provided that the Lead Trustee shall be an Independent Trustee. The Lead Trustee is to act as an effective leader of the board of Trustees in respect of matters required to be considered by the Independent Trustees only, and ensure that the board of Trustee’s agenda will enable it to successfully carry out its duties.

Appears in 2 contracts

Sources: Contract of Trust, Contract of Trust

Lead Trustee. The Lead Trustee shall be is recommended by the Governance Committee and appointed from among by the Trustees provided that the Lead Trustee shall be an Independent TrusteeBoard. The Lead Trustee is to act as an effective leader presides at executive sessions of the board independent trustees. The Lead Trustee works with the Chairman to facilitate communication between the Chief Executive Officer and Board members. The Lead Trustee participates with the Compensation Committee in its evaluation of Trustees in respect of matters required the Chief Executive Officer and provides ongoing information to be considered by the Independent Trustees only, and ensure that the board of Trustee’s agenda will enable it to successfully carry out its dutiesChief Executive Officer about his/her performance.

Appears in 1 contract

Sources: Merger Agreement (Nstar/Ma)